Laboratory information system (LIS) is a software that accounts, stores, and manages data for laboratories. This system is used to send laboratory test orders, record test results, store data in a database used by the user. At present, these systems are used widely in public health institutions, such as hospitals and clinics, to maintain data of patients tests, tracking of data quality, location and security, and end-user billing.

The market is driven by need to control diagnostic errors, rise in chronic disease, utilization of LIS to enhance laboratory clinical workflow efficiency, incorporation of laboratory information system with Electronic Health Record (EHR) Systems, and increase in demand for quality & precise diagnosis. However, high maintenance cost of LIS systems and lack of skilled IT professionals in the healthcare industry may hamper this growth. In addition, introduction of novel systems and cloud-based LIS, integration of LIS with hospital management systems, and potential in emerging geographies present numerous opportunities for market growth.

The global LIS market is segmented on the basis of product, delivery mode, component, end user, and region. Based on product, the market is bifurcated into standalone LIS and integrated LIS systems. The delivery mode segment includes on-premise LIS, web-based LIS, and cloud-based LIS. Based on component, the market is segmented into LIS services and software. Based on end user, it is classified into hospital laboratories, independent laboratories, physician office laboratories, and others (blood banks, retail clinics, and nursing homes). Geographically, it is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.

It offers a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.

Extensive analysis by product helps in understanding the various types of systems used for laboratory information systems market.

Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.

Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.

Laboratory Information System (Lis) Market Key Segments:

By Product

Standalone LIS

Integrated LIS

By Delivery Mode

On-premise LIS

Web-based LIS

Cloud-based LIS

By Component

Services

Software

By End User

Hospital Laboratories

Independent Laboratories

Physician Office Laboratories

Others (Blood Banks, Retail Clinics, and Nursing Homes)

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

LAMEA

Brazil

South Africa

Saudi Arabia

Rest of LAMEA

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR)
encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only
engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates
and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within
each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors
and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis
and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and
allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning

Technologically sophisticated and reliable insights through well audited and veracious research methodology

Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to:
Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

Validates and improves the data quality and strengthens research proceeds

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.